A Step-by-Step-Guide on how to buy Monero (XMR) in Marshall Islands
Step 1 – Join Kraken You will first need to buy one of the major currencies. Exchanges commonly accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click below for registration and to get your welcome BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transfer Your Ethereum or Bitcoin to an Cryptocurrency Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. Monero (XMR) is available on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow these easy steps) Make sure you've chosen the exact coin you would like to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you are using a decentralized exchange, like Airswap or DDEX could be divergent (Just follow these easy steps).
Step 3 – Find (XMR) Monero As soon as your deposit has been confirmed, you'll immediately have access to your finances and you can commence invest and trading. To invest in Monero (XMR) on Binance, you'll want to go to the tab which is called “Exchange” and then click on “Basic”. In order to locate (XMR) Monero, you will need to insert the cointype (XMR) into the search box, which is highlighted in the image. Make sure you have selected the correct pairing, we have marked this too. Click on “XMR/BTC” to go on.
Step 4 – Buying (XMR) Monero Once you have spotted (XMR) Monero, you'll be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). And now we're going to create our own Limit Order. The “Price” field will be filled automatically with the latest tariff Monero (XMR) was traded for. You can change this to your favoured price. The “Amount” field is the amount of XMR you like to buy. The “Total” field is the whole price in Bitcoin that you will settle for the complete amount of XMR. If you're satisfied, click on “Buy XMR”. Your order will be filled when a Vendor trades their XMR for the price you submitted.
Step 5 – Withdraw (XMR) Monero Unless you're regularly trading, best advise is not to keep crypto on an Crypto Trader for an longer time frame. To take off your (XMR) Monero, hover over the “Funds” tab and mouse click on “Withdraw”. (XMR) Monero can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Monero (XMR) by using the provided drop-down box. Enter the quantity of Monero (XMR) you'd like to withdraw. Take into account the displayed minimus/fees. Also make sure you have entered your precise withdraw address. If you are happy, make a mouse click on “Submit”. You may be asked for verfication via email/phone before a take off.